January 2013

Trends and Resources

HP Brief

Uncertainty looms in EU economyEuropean chemicals output contracted by 2% in 2012 compared with 2011, according to European chemicals group Cefic. By lowering its forecast released in September, the c..

Thinnes, Billy, Hydrocarbon Processing Staff

Uncertainty looms in EU economy European chemicals output contracted by 2% in 2012 compared with 2011, according to European chemicals group Cefic. By lowering its forecast released in September, the chemicals trade body downgrade reflects recent data showing a stagnant European economy and a further decline in chemicals output since the first quarter of 2012. Cefic forecasts a slight expansion of 0.5% in 2013. EU automotive and construction segments were a drag on chemicals demand in 2012, offering few encouraging signs. Sluggish demand remains for new cars as government-backed incentives to replace vehicles have now run their course. The fallout from overcapacity in the construction mark

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